QUARTER 3, JULY – SEPTEMBER 2026
INTERIM PERIOD, JANUARY – SEPTEMBER 2026
KEY EVENTS DURING THE QUARTER
KEY EVENTS AFTER THE END OF THE QUARTER
CEO UPDATE
Simris Group Interim CEO update
The third quarter marked an important milestone in the transformation of Simris Group into a focused oncology biotechnology company. Following a thorough strategic review, we confirmed our decision to advance two amanitin-based antibody-drug conjugate (ADC) programs towards clinical development. This represents a significant step in establishing a clear direction for the Group and focusing our resources on areas where we believe we can create the greatest long-term value.
Under the leadership of Professor Andreas Pahl, CEO of Simris Biologics, we have continued to strengthen our development capabilities and build the organisation required to execute this strategy. Following the end of the quarter, we also announced the appointment of Dr. András Strassz as Chief Medical Officer, adding valuable clinical development expertise to the team.
I would also like to thank our shareholders for their continued support. The exercise of 223.3 million warrants, representing gross proceeds of approximately EUR 1 million, has provided additional funding to support our strategic priorities. The transaction was fully paid and registered in October 2026.
We have also made further progress in the planned divestment of our Hammenhög facility. In October, we entered into a new Memorandum of Understanding with Immunrise Biocontrol France SAS, establishing commercial terms for the lease and subsequent acquisition of the facility. While completion remains subject to financing and definitive agreements, this represents an important step towards reducing our operational commitments to the facility and allowing us to concentrate our resources on Simris Biologics.
Looking ahead, our priorities remain clear: advancing our ADC development programs, maintaining financial discipline and completing the transition towards a focused biotechnology business. While the financing environment remains challenging, I believe the progress made during the quarter has significantly strengthened the position of Simris in the fast growing ADC Payload market.
Daniel Kubitza
Interim CEO Simris Group
Simris Biologics CEO update
The third quarter marked an important step in building Simris Biologics into a fully fledged ADC company. In line with our strategy, after quarter-end we appointed a Chief Medical Officer, bringing clinical development expertise into the leadership team as we prepare to move our programmes towards the clinic. With this appointment, our core team is now complete, giving us the scientific, clinical and operational capabilities needed to execute our plans.
In October, Simris mutually agreed with Lonza to void the previously announced 2023 contract granting Lonza the exclusive right to offer our technology to new and existing customers seeking novel payloads to develop into ADC medicines. This decision was taken by Simris in order to expand our flexibility in choosing partners as we continue to expand our technology platform.
The preclinical studies advancing the microcystin platform at our CRO partner are going ahead as planned. The next step is to begin a new round of optimization that will be verified with in-vitro and in vivo studies.
We also made good progress in ADC design. We advanced work on combining our payloads with antibodies and linkers to generate ADCs that can be developed clinically. In parallel, we continued to evaluate complementary non-cyanobacterial payloads to broaden our options and accelerate our path to the clinic.
ADCs remain one of the fastest-growing areas in oncology, and the need for novel payloads with new mechanisms of action is becoming increasingly clear as resistance and toxicity limit current approaches. I believe Simris is well positioned to address this need.
The financing environment for biotechnology companies remains challenging, and we will continue to manage our resources with discipline. With a complete team and a clear strategic direction, I look forward to reporting further progress in the coming quarters.
Andreas Pahl
CEO Simris Biologics
The report is published on Simris Groups website:
https://simrisgroup.com/financial-information/financial-reports/